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fast-track-merger-under-the-companies

Fast Track Merger

The Court’s involvement in case of merger involved time and money so to promote the Ease of Doing Business significantly Fast Track Merger (“FTM”) was introduced; it was intended not only to reduce the time and money but to boost the operations by significantly reducing the legal aspect of Merger and amalgamation. Section 233 of […]

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Attention all the society residents and RWA members..!!

Resident Welfare Associations Because of the enormous development of residential colonies, we can see resident welfare associations (RWAs), although not in practice rules and regulations about it falls under Societies Registration Act,1860 (in every state the Act may have state-level amendments since every Resident Welfare Associations (RWAs) are typically registered under it. We can sum […]

certificate-of-donation

Donation Done and Received Right. What’s next?

Form 10 BD Statement & Certificate of Donation Since we are aware that section 80G of Income Tax act, 1961 gives deduction on payment of donations and till now to claim deduction donation receipts were sufficient but post-implementation of Form 10 BD and 10 DE for strengthening the transparency and accuracy for reconciling the statement […]

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COMMENTARY ON FRRO REGISTRATION

Foreigner Regional Registration office is the primary agency to regulate the registration, movement, stay, departure, and also for recommending the extension of stay of Foreign nationals in India. Most of the Multi-National Companies, Wholly Owned Subsidiaries of Foreign Companies, and Foreign Companies having branch office in India has foreign nationals as director on its Board of Directors. The […]

80G-12A-registration

Need, Benefits & Procedure of 80G & 12A Registration

NGOs are designed for welfare and are operational for providing service to the needy. In such case of mass, welfare the budget becomes a major hindrance, the government on the other hand provide many facilities and providers to promote and uplift NGOs in India.  80G & 12A Registration are two such facilities provided to NGOs. So, let […]

CBDT Notification

The last date extended for updating UDINs by the CBDT

The last date for updating the Income-tax form with Unique Document Identification numbers (UDINs) on the e-filling portals has been extended to 31st January 2022 by The Central Board of Direct Taxes (CBDT). CBDT issued a press release on 26th November, 2021 that stated on making it mandatory to provide the Unique Identification Number (UDIN) […]